1123 Cedar, Long Beach, CA 90813

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1123 Cedar,Long Beach, CA 90813
$2,499,999
  • - Beds
  • - Baths
  • 8,350 sq. ft.
  • Multi-family
  • Active
Listed by: robert stepp
Office: keller williams realty downey562-334-1500
MLS#:PW26180162
Source:CRMLS

Price summary

  • Price:$2,499,999
  • Price per sq. ft.:$299.4

About this home

1123 Cedar Avenue presents the opportunity to acquire a well-maintained 11-unit multifamily asset offering an attractive combination of immediate cash flow, operational stability, and long- term upside in Willmore City Historic District. Offered at a 6.65% current cap rate with additional rental upside, the property delivers compelling day-one returns while providing investors with multiple opportunities to further enhance income and overall asset value. Originally constructed in 1964, the property has benefited from extensive system upgrades that substantially reduce future capital expenditure requirements, including new plumbing, new electrical wiring and panels, individual tankless water heaters, upgraded wall furnaces, and a recently sealed roof. These improvements position the asset as a durable, low-maintenance investment with limited near-term deferred maintenance. The property's desirable unit mix of (6) spacious two-bedroom units and (5) one-bedroom units appeals to a broad...

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Home facts

  • Year built:1964
  • Subdivision & Development:Willmore District (WM)
  • Listing ID #:PW26180162
  • Added:65 day(s) ago
  • Updated:October 23, 2026 at 11:44 AM

Rooms and interior

  • Living area:8,350 sq. ft.

Structure and exterior

  • Year built:1964
  • Building area:8,350 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,499,999
  • Price per sq. ft.:$299.4

Parking

  • Total parking spaces:6
  • Garage:Yes
  • Garage spaces:6
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